1.How would understanding the concept of price elasticity of demand assist a marketing manager?
2.We use the price system every day to trade goods and services. Draw on a good you use every day, explain why the price you paid for it is not necessarily a true reflection of the total value that you put on it.
3.In the presence of externalities the price mechanism may result in an unsatisfactory allocation of resources. What are externalities and how we might account for them in a market system?
4.What are diseconomies of scale and why do they come about?:SugarwareZ-190:
2.We use the price system every day to trade goods and services. Draw on a good you use every day, explain why the price you paid for it is not necessarily a true reflection of the total value that you put on it.
3.In the presence of externalities the price mechanism may result in an unsatisfactory allocation of resources. What are externalities and how we might account for them in a market system?
4.What are diseconomies of scale and why do they come about?:SugarwareZ-190: